Question: 1 . Feasibility a . Why is it important to assess the feasibility of your new venture? Provide ONE reason. b . What is the

1. Feasibility
a. Why is it important to assess the feasibility of your new venture? Provide ONE reason.
b. What is the key question you are trying to answer when assessing feasibility?
c. When you assess feasibility of a new venture, name TWO things you would evaluate.
2. Business Legal Structures
a. What are the three most common new venture legal structures?
i. Provide TWO Pros/Advantages for EACH structure.
b. If you were starting a small retail business in Alberta in a local market, what legal structure would you choose? Why? provide ONE reason.

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